Vienna Insurance Group (VIG) has reported a 20.7% rise in result before taxes to EUR 641.5 million for the first half of 2026, driven primarily by the positive performance of the total capital investment result and an improved net combined ratio.
The insurer confirms that all segments generated positive results before taxes, with the highest percentage increases recorded in Extended CEE of +98%, followed by Special Markets, which rose by 35.4%, and Austria by +11.2%.
For H1’26, VIG’s insurance service revenue rose by 7.1% to EUR 6.849.9 billion, supported by growth in life insurance without profit participation of 18.2%, followed by unit and index-linked life insurance with 10.7%, and health insurance at 8.8%.
The insurer’s gross written premiums reached EUR 9.031.6 billion, a year-on-year increase of 5.4% for H1’26, with the highest growth recorded in life insurance without profit participation of 18.4%. The increase was primarily driven by the core market CEE, which recorded growth rates above the overall average.
In terms of premium increase, Poland recorded 8.3%, Czechia followed with 8.1%, and Extended CEE at 6.4%. Austria also contributed to the positive development of the core CEE market, with a 3.6% increase in premiums.
The net combined ratio for H1’26 improved to 91.4%, strengthening by 0.5 percentage points compared to 91.9% in H1’25, driven by lower claims.
The contractual service margin as of 30 June 2026 totalled EUR 6.323.1 billion, a rise of 1.4% year over year, comprising mainly long-term life and health insurance, driven by higher interest rates and new business.
On the investment side, VIG reported that as of 30 June 2026, the total investment portfolio rose by 4.1% to EUR 49.1 billion, compared to EUR 47.2 billion at 2025 year-end. This was largely due to increased market values of investments measured at fair value and substantial new investments.
Hartwig Löger, Chief Executive Officer, Vienna Insurance Group, commented, “With its results for the first half-year of 2026, Vienna Insurance Group continues its profitable growth trajectory and dynamic growth in its core market Central and Eastern Europe.
“We managed to improve all our key performance indicators and continue to maintain a strong capital position even after the acquisition of NÜRNBERGER Versicherung. We therefore reaffirm our outlook of achieving a result before taxes of between EUR 1.25 and EUR 1.30 billion (excluding NÜRNBERGER) for the 2026 financial year.”
VIG’s solvency ratio remained very high at 272% (including transitional measures) at the end of H1’26. Alongside these results, VIG has also confirmed its outlook of achieving results before taxes of between EUR 1.25 billion and EUR 1.30 billion (excluding NÜRNBERGER) for FY’26.
The group also completed the acquisition of NÜRNBERGER, the largest transaction in its company history, on 18 May 2026.
Löger added, “NÜRNBERGER enriches our broad portfolio of companies with its strong brand and supports our sustainable growth strategy in the core market CEE by expanding our diversification through the German market.
“We are placing a strong emphasis on developing and implementing an IT transformation strategy as part of the ongoing transformation efforts at NÜRNBERGER. Our goal is to use this to offer our customers and sales partners even more effective, sustainable products and services.”
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